NC DoR CD-401S 2021 free printable template

C Do not mix form types. CD-401S S-Corporation Tax Return 2021 Web 8-21 For calendar year 2021 or other tax year beginning MM-DD and ending DOR Use Only MM-DD-YY Legal Name First 35 Characters USE CAPITAL LETTERS FOR YOUR NAME AND ADDRESS Federal Employer ID Number Address Secretary of State ID City State Fill in all applicable circles Initial Return NC-Rehab is attached Has Nonresident Shareholders Final Return NC-478 is attached Has Escheatable Property Short Year Return Amended Return...

How to fill out NC DoR CD-401S

How to fill out NC DoR CD-401S

1. Begin by downloading the NC DoR CD-401S form from the official North Carolina Department of Revenue website.
2. Enter your name and mailing address in the designated fields at the top of the form.
3. Provide your Social Security Number or Federal Employer Identification Number as required.
4. Indicate the tax year for which you are filing the report.
5. Complete the section detailing your income or deductions, ensuring all figures are accurate and supported by any necessary documentation.
6. Review the specific instructions provided on the form for any additional requirements tailored to your individual situation.
7. Sign and date the form to certify that the information is accurate to the best of your knowledge.
8. Submit the completed form by mail or electronically, as specified, ensuring to keep a copy for your records.

Who needs NC DoR CD-401S?

1. Individuals or businesses in North Carolina that are required to report certain tax information.
2. Taxpayers seeking to claim specific deductions or credits applicable for the state tax year.
3. People or entities that have received notice from the North Carolina Department of Revenue requesting the completion of this form.

People Also Ask about

What is the tax form for an LLC in NC?

File Form CD-405 with the Department of Revenue.

What is the Nexus threshold in NC?

All remote sellers having gross sales in excess of one hundred thousand dollars ($100,000) sourced to North Carolina or two hundred (200) or more separate transactions sourced to North Carolina in the previous or current calendar year (collectively "Threshold") must register to collect and remit sales and use tax to

Who has to pay franchise tax in North Carolina?

Every corporation doing business in North Carolina and every inactive corporation chartered or domesticated here must file an annual franchise and income tax return using the name reflected on the corporate charter if incorporated in this State, or on the certificate of authority if incorporated outside this State.

What is NC CD 401S?

A taxpayer that receives an automatic extension to file a federal corporate income tax return will be granted an automatic state extension to file the N.C. S-Corporation tax return, Form CD-401S.

What creates income tax nexus in North Carolina?

What is the North Carolina nexus standard? North Carolina employs an economic presence income tax nexus standard. The corporate income tax is imposed on every corporation doing business in North Carolina.

What triggers Nexus in North Carolina?

North Carolina Tax Nexus Generally, a business has nexus in North Carolina when it has a physical presence there, such as a retail store, warehouse, inventory, or the regular presence of traveling salespeople or representatives.

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What is NC DoR CD-401S?

NC DoR CD-401S is a tax form used in North Carolina for reporting certain income and deductions related to corporate distributions and other financial activities.

Who is required to file NC DoR CD-401S?

Entities that make distributions subject to North Carolina withholding or other specified individuals or businesses are required to file NC DoR CD-401S.

How to fill out NC DoR CD-401S?

To fill out NC DoR CD-401S, gather the necessary financial information, complete the form with accurate income and deduction details, and follow the guidelines provided in the form instructions.

What is the purpose of NC DoR CD-401S?

The purpose of NC DoR CD-401S is to report and determine the correct amount of tax withholding on corporate distributions or other specified payments made in North Carolina.

What information must be reported on NC DoR CD-401S?

Information that must be reported on NC DoR CD-401S includes the recipient's identification details, the amount of distribution or payment made, and any applicable deductions or withholding amounts.